With no bond-market-police to corral the machines, it is not entirely surprising that - on the heels of AUDJPY - US equity futures have levitated this morning to provide a comfortably green open (as the world held its breath for a black monday - particularly inappropriate on Columbus Day). However, there's a long way to go in the day and liquidity is - in a word (or two) - non-existent (lowest in at least 18 months). That means intraday volatility will be extreme to say the least...
Liquidity is at its lowest in at least 18 months
[4]
And sure enough...the highs...
[5]
which was instantly whiplashed to the lows
[6]
But NASDAQ is back in the red (for now)
[7]
And then there is the Trannies...
[8]
Source: Nanex LLC @nanexllc
